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BETHESDA/CHEVY
CHASE, MARYLAND
Real Estate
Highlights
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Adjacent
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Map of
Bethesda/Chevy Chase
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Bethesda/Chevy Chase, MD
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Montgomery County
REAL ESTATE
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As of September 30, 2008, 272 single-family homes were
for sale in Bethesda. This includes the winner of the
American Architects Custom Home Award for 2008 selling
for $7.1 million. There were
74 homes under contract. In the third quarter of
2008, 202 homes sold.
In the first half of 2008, 366 single-family homes
sold in Bethesda. In 2007, there were 782 sales,
while 873 homes sold in 2006. The average sale
price in the first half of 2008 was $911,009. This
compares to $1,038,678 and $999,504 in 2007 and 2006,
respectively. The average list price was $1,024,164 in
the first half of 2008, $1,064,516 in 2007, and
$1,023,670 in
2006. Listed below are the sales by price range.
|
Single-Family Homes |
2008
1st Half |
2007 |
2006
|
|
Below $500,000 |
7 |
13 |
13 |
|
$500,000-$999,999 |
233 |
478 |
585 |
|
$1,000,000-1,499,999 |
83 |
168 |
171 |
|
$1,500,000-$1,999,999 |
30 |
82 |
56 |
|
$2,000,000-$2,499,999 |
9 |
31 |
32 |
|
$2,500,000-$2,999,999 |
2 |
4 |
8 |
|
$3,000,000-$3,999,999 |
0 |
4 |
3 |
|
$4,000,000-4,999,999 |
1 |
2 |
3 |
|
$5,000,000-$5,999,999 |
1 |
0 |
2 |
|
TOTAL |
366 |
782 |
873 |
The
number of condominiums and cooperatives that sold
in Bethesda in the third quarter of 2008 totaled 61,
with 27 under contract. There were 124 condos and coops
for sale as of September 30, 2008. For the first half of
2008, 110 condos/coops sold, 240 for the year 2007,
and 280 in 2006. The average sales price was $425,883 in
the first half of 2008, $419,210 in 2007, and $407,435
in 2006. Listed below are the sales by price range.
|
Condominiums/Coops |
2008
1st Half |
2007 |
2006
|
|
Below $500,000 |
84 |
184 |
216 |
|
$500,000-$999,999 |
22 |
52 |
62 |
|
$1,000,000-1,499,999 |
3 |
2 |
0 |
|
$1,500,000-$1,999,999 |
0 |
2 |
2 |
|
$2,000,000-$2,499,999 |
1 |
0 |
0 |
|
TOTAL |
110 |
240 |
280 |
Most of residential downtown Bethesda, including
Friendship Heights and Woodmont Triangle, is mid- or
high-rise condominiums, although there are a few
townhouse and single-family homes. It was described as
a focal point for empty-nesters by the 2005 Washingtonian.
Westmoreland Hills and Springs Hills are beautiful,
large Colonials, Tudors, Cape Cods, large ramblers and a
few farmhouses.
Woodmont, further west, was built in the 1930s and
1940s, starting out as Tudor and Colonial Revivals with
split-levels, ramblers, and Colonials built in the
1960s. The same scenarios could be used to describe many
of the neighboring subdivisions. Bannockburn, one of the
communities furthest west, has been described as
eclectic and very family-oriented. Bannockburn, along
with Carderock Springs and Brookmont, are known for their
modern/contemporary homes. Hillmead, Bradmorr,
Kensington Heights, and Chevy Chase View are noted for
their attractive bungalows. North Bethesda, patented
in 1698, covers about 1,400 acres and is mostly
single-family homes.
As of September 30, 2008, 84 single-family homes were
for sale in Chevy Chase. Eighteen of those homes are
listed between $2 and $3 million, three between $3 and
$3.5 million, and one each at $4.6 million and almost
$6.1 million. There were
32 homes under contract, 13 of which were listed between
$l and $2 million and one slightly over $3 million. In
the third quarter of 2008, 57 homes were sold with 24
under $1 million. The prices ranged from $450,000 to
$1.725 million.
In the first half of 2008, 83 single-family homes
were sold in Chevy Chase. In 2007, there were 235
sales, while 245 homes were sold in 2006. The average
sale price in the first half of 2008 was $1,169,533.
This compares to $1,270,007 and $1,248,050 in 2007 and
2006, respectively. The average list price was
$1,214,457 in the first half of 2008, $1,304,262 in
2007, and $1,282,690 in
2006. Listed below are the sales by price range.
|
Single-Family Homes |
2008
1st Half |
2007 |
2006
|
|
Below $500,000 |
0 |
2 |
0 |
|
$500,000-$999,999 |
44 |
110 |
112 |
|
$1,000,000-1,499,999 |
17 |
60 |
70 |
|
$1,500,000-$1,999,999 |
16 |
31 |
37 |
|
$2,000,000-$2,499,999 |
3 |
15 |
14 |
|
$2,500,000-$2,999,999 |
2 |
7 |
6 |
|
$3,000,000-$3,999,999 |
1 |
9 |
4 |
|
$4,000,000-4,999,999 |
0 |
0 |
2 |
|
$5,000,000-$5,999,999 |
0 |
1 |
0 |
|
TOTAL |
83 |
235 |
245 |
The
number of condominiums and cooperatives in Chevy Chase
that were sold in the third quarter of 2008 totaled 4
(with two over $1 million), with 14 under contract.
There were 4 condos and coops for sale as of September
30, 2008. For the first half of 2008, 58 condos/coops
were sold, 132 for the year 2007, and 111 in 2006. The
average sales price was $736,750 in the first half of
2008, $585,154 in 2007, and $577,900 in 2006. Listed
below are the sales by price range.
|
Condominiums/Coops |
2008
1st Half |
2007 |
2006
|
|
Below $500,000 |
35 |
65 |
57 |
|
$500,000-$999,999 |
12 |
53 |
45 |
|
$1,000,000-1,499,999 |
4 |
7 |
2 |
|
$1,500,000-$1,999,999 |
2 |
5 |
4 |
|
$2,000,000-$2,499,999 |
2 |
1 |
2 |
|
$2,500,000-$2,999,999 |
0 |
1 |
1 |
|
$3,000,000+ |
3 |
0 |
0 |
|
TOTAL |
58 |
132 |
111 |
Chevy Chase West, which is between Friendship Heights
and Bethesda, is about 470 homes, mostly Colonials,
Sears catalogue homes, ramblers, and split-levels along
with a few newer homes. Somerset, comprises about 50
acres, with one or two of the houses dating back to the
turn of the 20th Century. The town of Chevy Chase is the
largest of the eight municipalities with the name Chevy
Chase with more than 1,030 homes within its boundaries.
Chevy Chase Village is the southernmost of the Chevy
Chase area, and has some of the largest, most stately
homes of Chevy Chase. Chevy Chase Section 3 contains
only 277 homes and looks quite village-like with its
16-foot wide streets and bungalow houses. Chevy Chase
Section 5 has even less homes with 223, most built
before World War II. Martin's Additions, has more than
300 homes with extensive tree plantings over the years.
Chevy Chase View, which was not incorporated until 1993,
has over 300 homes with large yards, gardens, and a wide
variety of home styles. The village of North Chevy Chase
contains 200 single-family homes covering approximately
1,400 acres.
HIGHLIGHTS
Bethesda is
unincorporated and has no official boundaries, while
Chevy Chase is a number of incorporated municipalities.
There are approximately 115,000 residents in
Bethesda/Chevy Chase (BCC).
Places of interest in
BCC include the historic Bethesda Meeting House,
National Library of Medicine, National Imagery and
Mapping Agency near the Dalecarlia Reservoir, National
Institute of Health, National Naval Medical Center, and
the Dennis and Phillip Ratner Museum of contemporary
art. The Chevy Chase Historical Society also receives
visitors as does the Woodend Mansion which was designed
by John Russell Pope, architect of the
Jefferson Memorial. The mansion and its grounds are now a wildlife
sanctuary and home to the Audobon Naturalists Society. In nearby Glen Echo
are Glen Echo Park and the Clara Barton National Historic
Site.
The differences among neighborhoods in Bethesda/Chevy
Chase can be like night and day. Downtown Bethesda and
Friendship Heights' busy, towering character contrasts
with its neighbors to the east in the quaint, narrow
streets of the Chevy Chase sections and even more so
with the cul-de-sacs and winding roads of the
neighborhoods to their west and north. Every
neighborhood near downtown Bethesda has seen tremendous
growth with more planned. Friendship Heights is
scheduled to see a large increase of both single-family
and multi-unit homes near Chevy Chase Center and the Geico property. New development has been approved for
the Woodmont Triangle, and the neighborhood was
identified by the 2005 Washingtonian as a "Neighborhood
for Singles." Chevy Chase residents have been battling
attempts of new owners razing smaller homes to be
replaced by what has been termed "McMansions."
Neighborhoods to the west, many of which were built in
the 1930s, 40s, and 50s have also been trying to keep
their distinctness.
Just
off Westmoreland Circle, Westmoreland Hills and Spring
Hills, as can be expected, have sloping streets of
elegant homes with beautifully manicured lawns.
Fifteen percent of the homes in East
Bethesda, which date back to the 1920s, have been
replaced by larger homes. Most Bethesda/Chevy Chase
neighborhoods, however, have been able to retain their original
charm. Communities like Wildwood Estate agreed not to
construct fences between properties, and Kenwood is
still the premiere neighborhood for viewing cherry tree
blossoms.
BCC has much to offer in the performing arts including
the Bethesda Little Theatre, Imagination Stage Inc, the
International Conservatory of Music, Iran Cultural and
Educational Center, Joy of Motion Dance Center, Landon
Symphonette, the Maryland Classic Youth Orchestras, and
the Round House Theatre. The Adventure Theatre and The
Puppet Company at the nearby Glen Echo Park put on
performances for all ages, and the Discovery Creek
Children's Museum is also located at the Park. The
Strathmore Hall Arts Center is located in nearby North Bethesda.
The Writer's Center is also located in Bethesda.
In the area of sports and recreation, Montgomery County
excels in its facilities. In Chevy Chase, the Leland
Community Recreation Center offers a multitude of
services to its residents. The YMCA Bethesda-Chevy Chase
is located on Old Georgetown Road. The Montgomery
Aquatic Center in North Bethesda is the largest indoor
pool in the area. BCC's outdoor pool is Bethesda Pool on
Little Falls Parkway. Bethesda has 38 local parks, and
Chevy Chase has seven local county parks. Cabin John
Regional Park, Capital Crescent, and Little Falls Branch
offer mile upon mile of trails in BCC. The Meadowbrook
Riding Stables are in Chevy Chase, and the Locust Grove
Nature Center is located in Bethesda. The Cabin John Ice
Rink and indoor tennis courts are situated in nearby
Rockville. There are 19 ball fields located at schools
and an additional 8 found in local parks. Recreation
buildings are available for rent in Lynbrook, Maplewood
and Norwood parks in Bethesda and in North Chevy Chase,
and Rock Creek/Meadowbrook parks in Chevy Chase. Chevy Chase,
Columbia, Burning Tree, Bethesda, Kenwood, and
Congressional Country Clubs are located in BCC.
Bethesda-Chevy Chase High School serves the community.
Westland is the area's middle school. There are seven
public elementary schools. Several private schools in
the BCC area offer education from early childhood or
kindergarten through high school. They include The
Holton Arms School for girls, Landon School for boys,
Mater Dei School for boys, Stone Ridge School of the
Sacred Heart for girls, and the French School.
Georgetown Preparatory School for boys in located in
North Bethesda. Private elementary schools are Little Flower School, Norwood School, Oneness-Family
School, Washington Episcopal School, and Woods Academy.
Preschools/early elementary schools include Concord Hill
School, Abingdon Montessori, Bethesda Community School,
Bethesda Country Day School, Bethesda Montessori, Harbor
School, and Primary Day School. The Foundation for
Advanced Education in the Sciences Graduate School is at
NIH, and the Keller Graduate School of Management is
also in Bethesda. A branch library is on Arlington Road in
Bethesda and another in Chevy Chase on Connecticut
Avenue. The senior center is the Waverly House in
Bethesda on East-West Highway. Surburban Hospital serves
BCC.
Shopping is plentiful in BCC. Downtown Bethesda is one
of the prime restaurant areas in the Washington area.
Major shopping areas include Westfield Shoppingtown
Montgomery Mall, Little Falls Mall, and the nearby Whiteflint
and other Rockville Pike shopping areas, and Mazza Gallerie and Chevy Chase Pavillion in
Washington. Just over the DC border is what some believe
is becoming the equivalent of a Rodeo Drive. Tiffany,
Saks, Saks Jandel, and others have been joined by
signature stores for Christian Dior, Barneys, Jimmy Choo,
and Ralph Lauren. Every spring Landon School holds its
Azalea Garden Festival with family entertainment,
shopping, and food. Farmers markets are abundant in BCC.
They include Bethesda Farmers Market at Norfolk and Woodmont Avenues, Bethesda United Church in Christ at
Fernwood and Democracy Boulevard, Bethesda-Chevy Chase
YMCA, Concord St. Andrews United Methodist Church, and
Friendship Heights Village Center Farm Market. The
Montgomery Farm Women's Cooperative Market on Wisconsin
operates year-round. Bethesda's Metro stations are Bethesda and
Medical Center and nearby Friendship and Grosvenor-Strathmore
Metro, all on the Red Line. Ride On, the county's
local transit service, operates throughout BCC and
connects to Metrobus and Metrorail.
HISTORY
When John Smith explored the lands near the Potomac, the
Piscataway had already lived in the area for over 300
years. The first Colonists were from England, Ireland,
and Wales. The first land patent was given in 1688 for
land along the banks of Rock Creek. The forests were soon
cleared for farmland. The settlers' homes began as
log cabins but as the farmers prospered from their
tobacco growing, homes of brick and stone with barns,
smoke houses, and slave quarters appeared. The
area was originally in Prince George's County but in 1748
was placed in Frederick County and in the same year was subdivided again and designated as
being in Montgomery County. In 1791, the Maryland
General Assembly ceded 36 square miles to the federal
government to be part of the Nation's Capitol. From 1828
until 1850 the Chesapeake and Ohio Canal was built. The
farming of corn, wheat, and oats helped the area
prosper. During the Civil War the area was plundered by
troops from both the North and South. From the war until
the turn of the century, trolley cars and railroads
brought new residents to the area. After World War II
the area boomed. The area of Bethesda received its name
for the Presbyterian Bethesda Meeting House.
(See
Chevy Chase
DC for a history of the Chevy Chase and the Chevy
Chase Land Company). The first section of the Chevy
Chase Land Company development was Chevy Chase Village
and opened in 1893. Plans called for broad streets,
sizeable lots, and plenty of parkland. There were strict
building codes and covenants regarding what future
residents could build. The first houses built were for
officers of the Land Company. The Company organized the
Chevy Chase Club in 1890 soon after the company was
formed. Eventually land developed by others was
incorporated into Chevy Chase. To draw potential buyers,
the Land Company built an amusement park and small lake
at the end of the electric railroad line, two miles north
of Chevy Chase Circle. The lake was eventually filled
and the area was replaced by an apartment building. The
town of Chevy Chase was established in the 1890s, Chevy
Chase Village in 1890, and Martins' Additions, developed
by Harry Martin, was begun by the late 1890s. Sections 3
and 5 were developed in the following 10 to 20 years.
The Town of Somerset was developed on land bought by
five government scientists in 1890.
ADJACENT
NEIGHBORHOODS
NEIGHBORHOOD LINKS
Map of Bethesda/Chevy Chase
To discover more about current listings
and recent home sales in bethesda and
chevy chase, md,
and the washington dc real estate market:
Call or e-mail us at
202-965-3715
info@hananhomes.com
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